Markets

Morning Movers: Wal-Mart Drops on Earnings; L Brands Tumbles

Stocks are slipping this morning as the dollar rallied following dovish ECB minutes and political concerns continued to hang over the market.

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S&P 500 futures have fallen 0.2%, while Dow Jones Industrial Average futures have declined 0.2%. Nasdaq Composite futures have dropped 0.4%.

Alibaba Group Holding (BABA) has climbed 5.4% to $168.10 after reporting better-than-expected earnings and revenue.

Cisco Systems (CSCO) has dropped 2.5% to $31.53 after meeting earnings and sales forecasts but predicted declining sales.

L Brands (LB) has tumbled 6.8% to $36.88 after beating earnings and sales forecasts but lowering its full-year guidance.

Shire (SHPG) has risen 1.6% to $150.87 after Evercore ISI initiated it at Outperform, writing that it has "biotech cash flows with a spec pharma valuation."

Wal-Mart Stores (WMT) has fallen 2.8% to $78.68 despite beating earnings and sales forecasts.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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